Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 0 N Q* [. K+ d2 G: o# k5 B. X' X9 u2 T8 z- F1 }2 Z! m
* 6% of Canadian households bought a home in 2009: ~) e3 o5 r; w! s, ^' E
* 43% were first-time buyers (up from 36% in 2008)! C4 p; U' Z, I3 U
* 35% of buyers were age 18-34/ A9 ?1 G: L- b' O) j
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' y* d* S4 T4 @: u
* 59% bought a larger home; 24% downsized 2 X$ b$ L( G, J * 74% bought an existing home; 22% bought new construction $ Z8 X1 \: b2 d- ^8 P6 U- a6 o * 55% purchased a single-detached home; 18% bought an apartment condo8 ?" f. O# R+ f7 u4 @
* 5% of households intend to buy in 2010; 53% of those are renters : u" L' \! @% p7 \ `9 i; E. D: a * 42% of those intending to purchase plan to make a down payment of 20% or more.6 t% n- e; \/ v
/ h3 L+ Z, W5 X2 A- h' _5 Y7 X4 T4 e1 j
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 7 u" J2 u2 s6 X7 \/ A* V . k" O R9 A9 \only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?